Ola Electric Q1 FY27 Sales Rebound

Ola Electric is experiencing a significant turnaround in Q1 FY27, with vehicle registrations already surpassing its entire Q4 FY26 tally. The company recorded approximately 22,600 registrations in Q1 FY27, exceeding the 22,221 units from the previous quarter, with 40 days still remaining. This rebound follows a period of operational reset and service stabilization efforts. Ola Electric has guided for 40,000-45,000 orders and consolidated revenue of Rs 500-550 crore in Q1 FY27, implying a near doubling of quarterly volumes. Founder and chairman Bhavish Aggarwal noted that monthly registrations are rising, and order growth is outpacing registrations, indicating sustained demand momentum. April registrations alone increased 20 percent month-on-month to 12,166 units, contrasting with a 22 percent decline in the broader electric two-wheeler industry. The company aims for adjusted operating EBITDA breakeven at 20,000-25,000 monthly sales volumes, a target made more achievable by the current recovery.